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Sharp Co. (SHCAY) Downgraded to Sell at Zacks Investment Research
2016-04-02 17:28:12| Electronics - Topix.net
According to Zacks, "SHARP CORPORATION is a Japan-based company engaged in the manufacture and sale of electronic telecommunication devices, electronic machines and components. The Company operates in two business divisions.
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sell
investment
sharp
Foxconna s acquisition of Sharp reveals intense pressures in global electronics industry
2016-03-30 20:17:32| Electronics - Topix.net
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Wonkblog: Foxconn's acquisition of Sharp reveals intense pressures in global electronics industry
2016-03-30 20:17:31| Electronics - Topix.net
Foxconn, the Chinese manufacturing giant, approved the takeover of Japan's debt-riden Sharp after Sharp agreed to a huge cut in purchase price. Foxconn, the Chinese manufacturing behemoth whose massive scale and cheap costs have helped make the iPhone affordable for hundreds of millions of people worldwide, announced Wednesday that it would acquire Japanese consumer electronics company Sharp for $3.5 billion.
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sharp
Foxconn agrees Sharp takeover for JPY 389 billion
2016-03-30 12:14:00| Telecompaper Headlines
(Telecompaper) Sharp and Hon Hai Precision Industry have reached agreement on the latter's investment in Sharp. An initial agreement was first announced at the end of February, and it took a month for the companies to agree to the final terms. Under the deal, Hon Hai and its unit Foxconn will subscribe to JPY 288.8 billion in new common shares issued by Sharp, giving the Taiwanese company a 66 percent stake. The price per share is JPY 88, a significant discount to Sharp's more recent range of around JPY 130. Hon Hai will also acquire JPY 100 billion in new class C preferred shares in Sharp. These can be converted at a ratio of 1:100 from 01 July 2017. Further details of the agreement, such as the role of Sharp's creditors, were not disclosed.
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Foxconn finalises Sharp takeover
2016-03-30 10:55:30| BBC News | Business | UK Edition
Taiwanese manufacturer Foxconn says it has agreed a deal to take over struggling Japanese electronics company Sharp.
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takeover
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